Post by
wittmann on May 06, 2020 9:02pm
Financials
As expected..no money to be made in oil....hope next year's better.BKX should survive this year according to Wolfie.
Comment by
BrokerG on May 07, 2020 9:43am
At this stage your right, survival is the goal. If they can survive this, they can survive anything. There has been a huge drop in exploration and develpment over the past few months. This should show up in less supply next year. Of course demand will have to pick up by next year as well to get a reasonable price of oil. Not much to lose at this stage so might as well hang in there.